UpGuard raises additional $25 million
21 June 2021
Cybersecurity platform UpGuard has raised an additional $US19 million with support from investors including IAG’s Firemark Ventures...
Insurtech
Survey reveals cyber dangers
21 June 2021
Only 23% of businesses in Australia and New Zealand have complete knowledge of where their data is stored and 64% have suffered some form of breach, according to a report from Thales, a French technology group...
Consumers 'want improved digital service' post-COVID
07 June 2021
A Swiss Re survey has found consumers in Australia and other Asia Pacific markets have made a “significant shift” to online purchasing during the pandemic, with the trend set to accelerate even after the public health crisis is over...
Insurtechs invited to take part in 'mapping' survey
07 June 2021
Insurtech Australia and EY are inviting insurtechs to take part in a survey for preparing a map of the industry’s ecosystem...
Financial services sector hit with more credential stuffing attacks
07 June 2021
About 3.4 billion credential stuffing attacks were aimed at the financial services sector globally last year, an increase of 45% from 2019, according to a new report from Akamai Technologies...
Suncorp launches 'intelligent' digital employee
07 June 2021
Suncorp has introduced Ava, an artificial intelligence-powered bot, in a pilot trial with some motor insurance customers of its AAMI brand...
BAIS, Wilbur join forces to offer insurance, claims solutions
07 June 2021
Insurance technology firm BAIS has entered into a business tie-up with Wilbur, the newly created technology brand of Claim Central Consolidated...
Insurance industry think-tank makes case for IoT
31 May 2021
A new report from Geneva Association, an industry think tank, says the Internet of Things is the way forward for insurers...
Disruptor set for New Zealand debut
31 May 2021
Open, a Hollard-backed insurtech, will launch its Huddle brand in New Zealand later this year, offering “disruptive” motor and home contents products...
Hollard backs insurtech Kanopi in capital raising
31 May 2021
Hollard Insurance Company has invested in Melbourne-based Kanopi Cover during a $4 million fund raising as the insurance start-up plans expansion in the US and Canada...
DXC Technology partnership 'to transform Lloyd's'
31 May 2021
Lloyd’s is taking the next step in its ambition for a digital and technology led insurance marketplace that will provide accuracy, speed and processing power to the London insurance markets...
CIOs concerned over preparedness for next 'major' interruption: survey
31 May 2021
Most CIO organisations including ones from the insurance industry are not ready for another pandemic or the next major business interruption event, according to a global survey of senior technology leaders...
Insurance a customer drawcard for digital banks: Capgemini
31 May 2021
Adding non-banking services such as insurance can help digital-only lenders be a “daily companion” for clients, helping create an experience driven by life events rather than products, a new report says...
Insurtech Gateway partners with spatial solutions company
24 May 2021
Insurtech Gateway Australia has announced it is working with Brisbane-based spatial solutions firm Geolocarta...
Agile launches e-scooter third party cover
24 May 2021
Agile Underwriting Services has launched an insurtech third party product for the emerging e-scooter hire sector, with Neuron the first to take it up...
Tech pivot puts industry on cusp of 'major productivity boost'
24 May 2021
Extensive digitalisation and automation have placed insurers in Australia and globally on the verge of “a major productivity boost”, a new report from Allianz says...
Broker clients polarised on web-based communications
24 May 2021
Broker clients are polarised over whether they would like to continue using web-based tools such as Skype, Zoom and Teams as COVID-19 concerns ease, the Vero SME Insurance Index shows...
'Diligent' risk strategy key to keeping cyber at bay: Agile
24 May 2021
Agile Underwriting Services is warning organisations that basic cyber security measures are no longer sufficient to protect against cyber crime as ransomware is now sophisticated enough to bypass minimal security...
Suncorp ramps up digital focus
17 May 2021
Suncorp is accelerating its digitisation drive as it looks to technology to sharpen its competitiveness and product offerings...
'Supercharge' insurance distribution with technology
17 May 2021
The pandemic and climate change are making the world more insurance conscious, and insurers should seize the moment by enhancing their distribution channels with virtual reality and Artificial Intelligence, Capgemini and Efma’s new World Insurance Report 2021 says...